Original article by Michael Bleby
The Australian Financial Review – Page: 26 : 10-Oct-19
New figures show that residential building starts increased by 1.1 per cent in the June quarter, following declines in the previous two quarters. A 10.6 per cent decline in detached-housing starts was offset by a 21 per cent increase in apartment starts. Meanwhile, housing starts for the year to June totalled 196,867; this was the first year-on-year fall since September 2014. Ernst & Young’s chief economist Joanne Masters expects a further decline in residential construction activity.
ERNST AND YOUNG, HOUSING INDUSTRY ASSOCIATION LIMITED, COMMONWEALTH SECURITIES LIMITED, TAMAWOOD LIMITED – ASX TWD